Sanctuary Advisors LLC Decreases Holdings in GlobalFoundries Inc. (NASDAQ:GFS)

Sanctuary Advisors LLC trimmed its position in shares of GlobalFoundries Inc. (NASDAQ:GFS) by 9.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 14,579 shares of the company’s stock after selling 1,522 shares during the period. Sanctuary Advisors LLC’s holdings in GlobalFoundries were worth $605,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in GFS. Allspring Global Investments Holdings LLC bought a new position in GlobalFoundries in the 3rd quarter worth about $34,000. Blue Trust Inc. grew its stake in GlobalFoundries by 206.4% in the 4th quarter. Blue Trust Inc. now owns 1,106 shares of the company’s stock worth $45,000 after acquiring an additional 745 shares in the last quarter. US Bancorp DE grew its stake in GlobalFoundries by 77.0% in the 3rd quarter. US Bancorp DE now owns 1,218 shares of the company’s stock worth $49,000 after acquiring an additional 530 shares in the last quarter. AM Squared Ltd bought a new position in GlobalFoundries in the 3rd quarter worth about $60,000. Finally, Advisors Asset Management Inc. grew its stake in GlobalFoundries by 41.0% in the 3rd quarter. Advisors Asset Management Inc. now owns 1,593 shares of the company’s stock worth $64,000 after acquiring an additional 463 shares in the last quarter.

GlobalFoundries Stock Up 1.1 %

Shares of NASDAQ:GFS opened at $38.77 on Friday. The stock has a market cap of $21.39 billion, a P/E ratio of -80.77, a P/E/G ratio of 1.42 and a beta of 1.56. The firm has a fifty day moving average price of $42.06 and a 200 day moving average price of $42.04. The company has a debt-to-equity ratio of 0.14, a current ratio of 2.11 and a quick ratio of 1.57. GlobalFoundries Inc. has a 1-year low of $35.85 and a 1-year high of $61.98.

GlobalFoundries (NASDAQ:GFS) last released its earnings results on Tuesday, February 11th. The company reported $0.38 EPS for the quarter, missing the consensus estimate of $0.45 by ($0.07). GlobalFoundries had a positive return on equity of 6.05% and a negative net margin of 3.93%. Sell-side analysts predict that GlobalFoundries Inc. will post 1.31 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on GFS shares. Robert W. Baird dropped their price objective on shares of GlobalFoundries from $63.00 to $50.00 and set an “outperform” rating on the stock in a research note on Wednesday, November 6th. UBS Group dropped their price objective on shares of GlobalFoundries from $47.00 to $45.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 12th. Morgan Stanley increased their price objective on shares of GlobalFoundries from $40.00 to $42.00 and gave the company an “equal weight” rating in a research note on Wednesday, February 12th. Needham & Company LLC upgraded shares of GlobalFoundries from a “hold” rating to a “buy” rating and set a $50.00 price objective on the stock in a research note on Wednesday, February 12th. Finally, Citigroup decreased their target price on shares of GlobalFoundries from $45.00 to $40.00 and set a “neutral” rating for the company in a research report on Tuesday, November 5th. Seven research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $49.64.

GlobalFoundries Company Profile

GlobalFoundries Inc, a semiconductor foundry, provides range of mainstream wafer fabrication services and technologies worldwide. It manufactures various semiconductor devices, including microprocessors, mobile application processors, baseband processors, network processors, radio frequency modems, microcontrollers, and power management units.